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The projected building cost of the new Parkland Memorial Hospital in Dallas at one point was $156 million above the original budget, but that has since been pared to $16 million, according to Walter Shaw, the hospital’s interim chief financial officer. The reduction was due in part to using other hospital revenues, including investment earnings and profits from its health-care plan. The medical facility is scheduled for completion by 2015.

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The Defense Department has tapped Lockheed Martin for a $1.27 billion contract for 13 F-35 Lightning II aircraft. The fighter jets will become part of fleets serving the Marine Corps, Air Force and Navy.

Plans to build a 2.5 million-square-foot, mixed-use complex with a mall and water park were approved by the council in Montreal, Canada's Town of Mount Royal. The $1.27 billion project also includes a skating rink, theaters, restaurants and a green roof. The final decision on the project lies with the agglomeration council.

Balfour Beatty Construction, Austin Commercial, H.J. Russell & Co. and Azteca Enterprises formed a joint venture and acted as construction manager-at-risk to build the $1.27 billion New Parkland Hospital in Dallas. Collaboration was key to the project's success and even made construction of the 60-foot cantilever "almost easy."

The $1.27 billion Parkland Memorial Hospital in Dallas has incurred $54 million in cost overruns, in part because the size of the project has grown, material costs have risen, and there are more government safety standards to be met, according to this article. This has caused some friction between the city's County Commissioner and hospital executives because the hospital is a public one. However, Louis Saksen, Parkland's senior vice president for new construction, says the hospital's board of directors have agreed to cover the extra costs.

South Korea’s Lotte Shopping plans to list as a REIT in Singapore, possibly this year. Its goal is to raise as much as $1.27 billion. The initial portfolio will probably be seeded with Korean properties but eventually may include Singaporean sites as well.